Waverly Advisors LLC Sells 113,045 Shares of Occidental Petroleum Co. (NYSE:OXY)

Waverly Advisors LLC trimmed its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 90.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,463 shares of the oil and gas producer's stock after selling 113,045 shares during the period. Waverly Advisors LLC's holdings in Occidental Petroleum were worth $616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Occidental Petroleum during the 4th quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Occidental Petroleum during the fourth quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $27,000. Atala Financial Inc purchased a new position in Occidental Petroleum in the 4th quarter worth about $40,000. Finally, Millstone Evans Group LLC bought a new stake in Occidental Petroleum during the 4th quarter valued at about $42,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Trading Up 0.9%

Shares of OXY stock traded up $0.35 during trading hours on Thursday, reaching $41.47. 5,919,882 shares of the stock traded hands, compared to its average volume of 11,216,685. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $40.81 billion, a PE ratio of 17.00 and a beta of 0.81. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $64.76. The business has a fifty day moving average price of $41.78 and a 200 day moving average price of $46.50.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm's revenue was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.31%. Occidental Petroleum's payout ratio is 39.02%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Scotiabank lowered Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price target for the company. in a research report on Friday, April 11th. Hsbc Global Res upgraded shares of Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Raymond James downgraded Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. UBS Group lowered their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Susquehanna cut their price target on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $53.14.

Occidental Petroleum Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.